ST Trust: Lifts Other Risk Warnings, Resumes Trading on July 9th.
ST Techcred's announcement states that the company's stock will be suspended from trading for one day starting from July 8, 2025, and will resume trading starting from July 9. Starting from July 9, the company's stock will have the risk alert revoked, and the stock abbreviation will be changed from "ST Techcred" to "Techfate Information," with the stock code remaining as "000070." The daily trading limit for the stock will be increased from 5% to 10%. The company was issued a prior notification of administrative penalties and market entry bans on May 10, 2024, and as of May 14, 2024, had been subject to other risk alerts. The company has now corrected accounting errors in the relevant financial statements and fully provisioned for expected liabilities related to investor claims, which has eliminated the factors for the other risk alerts on the company. The company's application to revoke the other risk alerts has been approved by the Shenzhen Stock Exchange.
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